These Factors Affected T. Rowe Price’s Assets under Management



Total assets under management

As of December 31, 2017, T. Rowe Price (TROW) had total AUM (assets under management) of $991.1 billion, of which the company’s US mutual funds contributed $606.3 billion and other investment products contributed $384.8 billion. In 2017, the company’s total AUM appreciated by $180.3 billion.

In 2017, T. Rowe Price’s US mutual funds appreciated by $92.1 billion, while its other investment products rose by $88.2 billion. In 4Q17, US mutual funds appreciated by $21 billion, and other investment products rose by $22.2 billion.

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Net cash flow

In 2017, T. Rowe Price saw total cash inflow of $14 billion after client transfers and total cash outflow of $10.8 billion. Client transfers to other investment products from US mutual funds amounted to $20.2 billion. Other investment products saw net cash inflow of $24.8 billion after client transfers and $4.6 billion before client transfers, and US mutual funds had $9.4 billion in total cash inflow. Whereas T. Rowe Price has a last-12-month price-to-sales ratio of 5.7x, peers (XLF) Franklin Resources (BEN), Financial Engines (FNGN), and BlackRock (BLK) have ratios of 3.3x, 4.4x, and 7.4x, respectively.


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